First-term Somerville Mayor Jake Wilson welcomed the sight of a construction crane in Winter Hill, signaling progress on one of the city’s most prominent and formerly dormant building sites: the former Star Market property. Wilson was less committed to supporting construction of a 24-story apartment tower across town in Davis Square, however.
As a former Star Market property sat vacant in Somerville and financial hurdles delayed redevelopment, Beacon Communities stepped in under CEO Dara Kovel.
Winter Hill’s former Star Market property will be redeveloped as 319 apartments as part of a mixed-income project including neighborhood retail, a public plaza and playground.
Seven affordable housing projects in Boston will receive Community Preservation Act grants to help them complete their financing packages.
Developers to have financing in hand this summer to begin construction of the $105 million mixed-income housing project.
Two development teams are seeking to build hundreds of apartments and condominiums in a neighborhood where a history of redlining created barriers to wealth-building through real estate ownership.
Two teams of active local developers have responded to the city of Boston’s offer of 4.4 acres in Roxbury for housing development.
One of Boston’s most prominent, Black-owned construction companies has accused a well-known affordable housing developer of unfairly dismissing it from a public housing renovation project in Boston.
Nearly all new development projects are exciting, but a slate of proposals to turn a single-story library site in Boston into 90 or more affordable homes is worth cheering on with extra intensity.
An offering to redevelop the Boston Public Library’s West End branch attracted eight proposals that could create over 100 new affordable housing units and new civic space.
A trio of development companies are partnering to turn a long-vacant grocery store parcel in the heart of Somerville’s Winter Hill neighborhood into hundreds of new apartments.
Boston-based Beacon Communities has received $38.5 million in financing to renovate a pair of Brockton housing complexes and preserve affordability restrictions for at least 30 years.
A financing package by MassHousing and federal agencies will extend affordability protections at a 103-unit complex in Medfield that’s been owned by Beacon Communities since 2012.
Life science developers have snatched up most of the recent available properties in Boston’s Seaport District, but a publicly-owned parcel that’s been designated for workforce housing is receiving a strong round of interest.
Bonds from MassDevelopment worth $39 million are set to finance major renovations at a 346-unit Springfield apartment complex, and help convert dozens of market-rate units in the building to affordable housing.
Beacon Communities has closed on its acquisition of the YW Boston property in Back Bay for a planned 307-unit affordable housing conversion.
A Cambridge-based nonprofit has launched a new search engine aiming to elevate renters’ searches for income-restricted apartments to the level of commercial sites like Trulia and Apartments.com.
As potential major changes loom in Boston’s development policies, real estate executives are weighing in with their wallets in the mayoral race.
The future owners of a Back Bay property plan to convert the building’s 66 hotel rooms into apartments while retaining office space for tenants including current owner YW Boston.
Over four dozen owners and operators of affordable housing units announced a joint pledge this morning to work with their tenants in financial trouble due to the COVID-19 recession and avoid evicting them over missed rent payments.
